Companhia de Saneamento de Minas Gerais (CSMG3.SA) stock analysis

In our weekly check, Companhia de Saneamento de Minas Gerais is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 21 pass, warnings: 3, red flags: 1.

About Companhia de Saneamento de Minas Gerais

Companhia de Saneamento de Minas Gerais is an Utilities company (Regulated Water) based in Brazil, listed on SAO as CSMG3.SA.

What our checks show for CSMG3.SA

Red flags

• The stock has fallen as much as 84% from a peak. Would you have held through that?

Warning signs

• Net debt is 2.6x a year of EBITDA (debt/equity 1.06). That limits room in a downturn and raises refinancing risk.
• Operating profit covers interest only 3.2 times: a weak year could make the payments hard.
• The price swings a lot: 45.2% annual volatility. Expect large ups and downs.

Strengths

• The net margin rose by 5.8 points over 5 years, to 14.9%.
• The gross margin is 40.3% and has risen by 3.9 points: pricing power is holding.
• Operating cash flow is 1.34x net profit: the profit arrives as real cash.
• Analysts expect earnings per share to grow about 13.7% a year over the next years.
• Analysts expect the net margin to improve by 8.8 points from today's 14.9%.
• Earnings per share grew 15.4% a year over the last 3 years.

Next earnings report: 2026-11-13

Similar companies

WTRG · AWK · UU.L · SVT.L · 0270.HK · SBSP3.SA

Questions

What grade does Companhia de Saneamento de Minas Gerais (CSMG3.SA) have?

In our weekly check, Companhia de Saneamento de Minas Gerais is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 21 pass, warnings: 3, red flags: 1. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of CSMG3.SA stock?

This week's biggest flags for Companhia de Saneamento de Minas Gerais: Deep past fall, High debt, Weak interest cover. In total 4 of 25 checks show a warning or a red flag.

What does Companhia de Saneamento de Minas Gerais do?

Companhia de Saneamento de Minas Gerais is an Utilities company (Regulated Water) based in Brazil, listed on SAO as CSMG3.SA.

When does Companhia de Saneamento de Minas Gerais report earnings next?

The next earnings report is expected on 2026-11-13. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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